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Certified Fixed Income Professional

Indian : Rs.4719
International : $75
INTRODUCTION

Vskills certification for Fixed Income Professional assesses the candidate as per the company’s need for their fixed income financing business. The certification tests the candidates on various areas in price-yield conventions, monetary policies, compounding, dv01/pvbp¸treasury debt securities, repo agreements, modeling, mortgages, Eurodollar futures, credit default swaps, treasury futures contracts, OIS, interest-rate swaps and treasury futures contracts.

WHY SHOULD ONE TAKE THIS CERTIFICATION?

This certification is intended for professionals and graduates wanting to excel in their chosen areas. It is also well suited for those who are already working and would like to take certification for further career progression. Earning Vskills Fixed Income Professional Certification can help candidate differentiate in today’s competitive job market, broaden their employment opportunities by displaying their advanced skills, and result in higher earning potential.

WHO WILL BENEFIT FROM TAKING THIS CERTIFICATION?

Job seekers looking to find employment in accounts or finance departments of various companies, students generally wanting to improve their skill set and make their CV stronger and existing employees looking for a better role can prove their employers the value of their skills through this certification.

COMPANIES THAT HIRE VSKILLS FIXED INCOME PROFESSIONAL

Fixed Income Professionals are in great demand. Companies specializing in fixed income products or NBFCs are constantly hiring skilled Fixed Income Professionals. Various public and private companies also need Fixed Income Professionals for their accounts or finance departments.

CONTENT

Overview of Fixed Income Markets

  • Overview of Debt Contracts
  • Players and Their Objectives
  • Classification of Debt Securities
  • Risk of Debt Securities
  • Return-Risk History

Price-Yield Conventions

  • Concepts of Compounding and Discounting
  • Yield to Maturity or Internal Rate of Return
  • Prices in Practice
  • Prices and Yields of T-Bills
  • Prices and Yield of T-Notes and T-Bonds
  • Price-Yield Relation Is Convex
  • Conventions in Other Markets

Federal Reserve(Central Bank) and Fixed Income Markets

  • Central Banks
  • Monetary Policies
  • Fed Funds Rates
  • Payments Systems and Conduct of Auctions

Organization and Transparency of Fixed Income Markets

  • Primary Markets
  • Interdealer Brokers
  • Secondary Markets
  • Evolution of Secondary Markets

Financing Debt Securities: Repurchase (Repo) Agreements

  • Repo and Reverse Repo Contracts
  • Real-Life Features
  • Long and Short Positions Using Repo and Reverse Repo
  • General Collateral Repo Agreement
  • Fails in Repo Market

Auctions of treasury Debt Securities

  • Benchmark Auctions Schedule
  • Conduct of Treasury Auctions
  • Auction Theory and Empirical Evidence
  • Auction Cycles and Financing Rate

Bond Mathematics: DVO, Duration and Convexity

  • DV/PVBP or Price Risk
  • Trading and Hedging
  • Convexity
  • Effective Duration and Effective Convexity Suggested Reading and References

Yield Curve and The Term Structure

  • Yield Curve Analysis
  • Term Structure
  • Forward Rates of Interest
  • STRIPS Markets
  • Extracting Zeroes in Practice

Models of Yield Curve and the Term Structure

  • Modeling Mean-Reverting Interest Rates
  • Calibration to Market Data
  • Interest Rate Derivatives
  • A Review of One-Factor Models

Modeling Credit Risk and Corporate Debt Securities

  • Defaults, Business Cycles, and Recoveries
  • Rating Agencies
  • Structural Models of Default
  • Implementing Structural Models The KMV Approach
  • Cost of Financial Distress and Corporate Debt Pricing
  • Reduced-Form Models
  • Credit Spreads Puzzle

Mortgages, Federal Agencies and Agency Debt

  • Overview of Mortgage Contracts
  • Types of Mortgages
  • Mortgage Cash Flows and Yields
  • Federal Agencies
  • Federal Agency Debt Securities

Mortgage-Backed Securities

  • Overview of Mortgage-Backed Securities
  • Risks: Prepayments
  • Factors Affecting prepayments
  • Valuation Framework
  • Valuation of Pass-Through MBS
  • REMICS

Inflation-Linked Debt: Treasury Inflation-Protected Securities

  • Overview of Inflation-Indexed Debt
  • Role of Indexed Debt
  • Design of TIPS
  • Cash-Flow Structure
  • Real Yields Nominal yields, and
  • Cash Flows, Prices, Yields and Risks of Tips

Derivatives on Overnight Interest Rates

  • Overview
  • Fed Funds Futures Contracts
  • Overnight Index Swaps (OIS)
  • Valuation of OIS
  • OIS Spreads with Other Money Market Yields

Eurodollar Futures Contracts

  • Eurodollor Markets and LIBOR
  • Eurodollor Future Markets and LIBOR
  • Deriving Swap Rates form ED Futures
  • Intermarket Spreads
  • Options on ED Futures
  • Valuation of Caps

Interest-Rate Swaps

  • Swaps and Swap- Related Products and Terminology
  • Valuation of Swaps
  • Swap Spreads
  • Risk Management
  • Swap Bid Rate, Offer Rate, and Bid -Offer Spreads
  • Swaptions

Treasury Futures Contracts

  • Forward Contracts Defined
  • Futures Contracts Defined
  • Futures Versus Forwards
  • Treasury Futures Contracts

Credit Default Swaps: Single-Name, Portfolio, and Indexes

  • Credit Default Swaps
  • Players
  • Growth of CDS Market and Evolution
  • Restructuring and Deliverables
  • Settlement on Credit Events
  • Valuation of CDS
  • Credit-Linked Notes
  • Credit Default Indexes

Structured Credit Products: Collateralized Debt Obligations

  • Collateralized Debt Obligations
  • Analysis of CDO Structure
  • Growth of the CDO Market
  • Credit Default Indexes (CDX)
  • CDX Tranches

 

Frequently Asked Questions


What is Vskills?

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. Vskills is a testing and certification programme focused on prior learning. Through Vskills Assessments, individuals with learning acquired outside of a formal classroom setting have the opportunity to get certified by appearing in standardized exams conducted throughout the nation at proctored centres.

What is Vskills Certification?

Vskills Certification is a professional skill test that is conducted to assure that a person is qualified to perform a job. It is a proof that the candidate has the requisite skills to do a job.

What are the benefits that I will get by taking Vskills Certification Exam?

Some of the benefits that you get on taking Vskills Certification exam are listed below,-

- Develop skills that are valued by experts in the industry
- Vskills Certifications opens avenue for candidates in various sectors
- Vskills Certification provides an opportunity to get certified in areas where you are not formally educated
- Vskills Certification enhances the chances of employment
- CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers.
- CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers.
- CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life
- Vskills provides supplementary preparation material (hard copy or online videos) to candidate for easing the process of preparation.
- Vskills assessment exams are structured and regularly updated according to the industry standards
- Vskills Certifications do not require any time commitment since it is only a test and not classroom teaching.
- Vskills Certifications open avenues for candidates in various sectors
- Vskills Certifications provide an opportunity to get certified in areas where you are not formally educated
- Vskills Certifications greatly enhance the chances of employment

What is the duration of the course?

There is NO course duration for all certification exam. Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility. Student can give the exam any time between 1 year from the date of enrollment.

What is the eligibility for registration?

There is no minimum qualification for taking up Vskills Certification Exam, so it is for everyone – from day to day users to senior management, say - Employees - Employers - Students - Teachers - Businessmen and Entrepreneurs - Housewives/Retired Professionals, etc

What is the duration of the exam?

Vskills Certification Exam is for one hour (1 hour) duration.

What type of questions are asked in the exam?

Vskills Certification Exam has 50 multiple choice questions (1 marks each), with no negative marking.

What is the passing percentage?

Passing percentage is 50% i.e., 25 marks need to be scored in order to clear the exam.

When is the the exam conducted?

Vskills Certification Exams are conducted on monthly basis and candidate has the flexibility to select the exam date from Exam Calender as per their per feasibility.

How many attempts can I give for a certification exam?

One exam attempt per registration with no limit on re-appearance.

Can I reschedule the exam?

Yes, candidate can re-shedule the exam till the date of exam after paying the re-schedule fees.

If I fail, what is the procedure to be followed for reappearing in the exam?

In case a candidate is unable to clear the exam then, candidate can register for exam retake by paying for registration fees of Rs. 1250/- but no reading material is sent.

Does the exam is available only in India?

Candidates residing outside India can register for specific certifications as listed under the international students by appearing in online open book exam.

Can I take two or more certification exams at one time?

Yes, candidate can take two or more exams at one time.

How tough will be the paper?

The certification exam is meant to assess the ability of the student in the particular domain and checks entry level to medium level skills in that particular domain. If you know the domain area, and have studied the accompanying material well, you will have no difficulty in passing the exam.

Do you provide any sample questions?

Practice tests are provided under every certification.

What is the duration of the certification?

There is no minimum duration of certification. You may register when you want; we suggest that minimum 30 days should be kept to go over the material provided at the time of registration.

Is the exam available for international candidates?

Yes, candidates residing outside India can follow the process for international students.

What kind of placement support is provided?

Vskills provides placement support to certified candidates as - CVs of certified candidates are flagged on Monster India website as “Vskills Certified candidates” to employers. - CVs of certified candidates are also tagged on Shine.com website as “Vskills Certified candidates” to employers. - CVs of all Vskills Certified candidates is shared with relevant employers for employment - Vskills Certified candidates are a part of the Job Centre for Life

In case I am unable to take the exam will my fees be refunded?

As a policy under no circumstances will the fees be refunded to the candidate after registration, unless there is a situation that is unavoidable.

When is the result declared?

Result indicating pass or fail is told to candidate after finishing of the exam. Hard copy certificate and performance report is sent to candidates who had cleared the exam. Soft copy certificate is also e-mailed.

Is the material provided by you sufficient from exam point of view or should I refer other sources?

The study material provided by Vskills is a guideline for your exam, but you can refer to other sources for further clarity on any topic.

Are there any classes provided by you to prepare for the exam?

Vskills does not offer classes for any certification exam. The candidates have to prepare on its own for the exam. NO CLASSES are provided by Vskills.

Do you charge extra for placement assistance?

There are no charges apart from the registration fees or exam re-take in case candidate is unable to clear the certification exam.

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V skills

VSkills is a “skills testing” and certification exam conducted by - ICSIL, A Govt of India Undertaking and Govt of NCT Delhi Company. It is one of the largest manpower companies of the government of NCT Delhi. VSkills certifications help candidates quantify and prove their skills in a particular domain - skills that are valued by the employer and are in great demand. Your Vskills Certificate is a proof that you have the requisite knowledge and makes you job ready - which is why employers rate VSkills certifications and look for people who have them.

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